Clough Global Equity Fund (NYSEAMERICAN:GLQ) Short Interest Update

Clough Global Equity Fund (NYSEAMERICAN:GLQ) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 48,900 shares, a drop of 25.6% from the February 28th total of 65,700 shares. Based on an average daily volume of 65,300 shares, the days-to-cover ratio is currently 0.7 days.

Clough Global Equity Fund Stock Performance

Shares of NYSEAMERICAN GLQ traded up $0.01 during midday trading on Tuesday, hitting $6.30. The company’s stock had a trading volume of 48,749 shares, compared to its average volume of 73,770. Clough Global Equity Fund has a 1-year low of $6.12 and a 1-year high of $7.30. The business has a fifty day simple moving average of $6.66.

Clough Global Equity Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were issued a $0.065 dividend. This represents a $0.78 annualized dividend and a dividend yield of 12.38%. The ex-dividend date of this dividend was Tuesday, March 18th.

Institutional Trading of Clough Global Equity Fund

Hedge funds have recently made changes to their positions in the stock. Walleye Capital LLC acquired a new position in Clough Global Equity Fund during the 3rd quarter valued at about $114,000. Benjamin Edwards Inc. acquired a new stake in shares of Clough Global Equity Fund in the third quarter valued at approximately $70,000. SeaCrest Wealth Management LLC raised its holdings in shares of Clough Global Equity Fund by 4.0% during the fourth quarter. SeaCrest Wealth Management LLC now owns 63,082 shares of the investment management company’s stock valued at $420,000 after buying an additional 2,402 shares during the last quarter. Walkner Condon Financial Advisors LLC acquired a new position in shares of Clough Global Equity Fund during the fourth quarter worth approximately $87,000. Finally, Wolverine Asset Management LLC grew its holdings in Clough Global Equity Fund by 160.5% in the 4th quarter. Wolverine Asset Management LLC now owns 155,175 shares of the investment management company’s stock worth $1,033,000 after buying an additional 95,602 shares in the last quarter.

Clough Global Equity Fund Company Profile

Clough Global Equity Fund is a closed ended equity mutual fund launched and managed by Clough Capital Partners, L.P. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It employs fundamental and quantitative analysis with a bottom up stock picking approach to create its portfolio, with focus on factors such as a company's competitive position, quality of company management, quality and visibility of earnings and cash flow, balance sheet strength, and relative valuation.